REGISTERED COMPANY NUMBER: 10232376 (England and Wales) REGISTERED CHARITY NUMBER: 1171635
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
FOR
THE HOWARTH FOUNDATION (A COMPANY LIMITED BY GUARANTEE)
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
THE HOWARTH FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 January 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 14 |
THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
REPORT OF THE TRUSTEES for the year ended 31 January 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The prevention or relief of poverty in respect of individuals who are, or who have recently been, homeless in the districts of Leeds,Kirklees and Calderdale, by actively sourcing employers willing to offer employment and by providing those individuals with support and guidance, as to be determined by the trustees, to successfully obtain such employment.
Significant activities
The charitable company will raise funds through corporate and personal donations and from other fundraising activities to:
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1 Support, mentor and facilitate the recovery and rehabilitation of individual long and short term homeless, both juvenile and adult, living rough on the streets, recently rehoused, sofa surfers or individuals in temporary accommodation in the Leeds, Kirklees and Calderdale area.
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2 Develop displaced persons by identifying and supporting individuals to recognise their own potential and providing the confidence, care and financial backing to return to, or enter into, satisfying and fulfilling employment through re-training and rehabilitation.
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3 To help source a potential employer willing to offer the opportunity of rehabilitation and self-sufficiency through employment.
To achieve these main objects the charity will:
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Provide one-to-one literacy support
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Provide training and expertise in job seeking and interview capability
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Work with other local homeless charities to identify potential clients
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Work with local employer's in facilitating placements and/or training
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Help obtaining any available local authority assistance
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Support and sponsor temporary accommodation
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Provide suitable attire for job interviews
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Cover the costs of travel expenses for the purpose of attending interviews and the first month of employment (where necessary)
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Provide one-to-one support during placements
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Provide support during employment with advice and guidance
Page 1
THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
REPORT OF THE TRUSTEES for the year ended 31 January 2025
OBJECTIVES AND ACTIVITIES
Public benefit
The trustees have reviewed the charitable company's objectives and aims and confirm that these are identifiably for the public benefit as required by the Charity Commission. This benefit predominantly falls within the recognised charitable purpose of:
- the prevention or relief of poverty
Further public benefit is achieved to a lesser extent in the work carried out by the charity to achieve through the following recognised charitable purpose:
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the advancement of health
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the advancement of citizenship or community development
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the advancement of human rights, conflict resolution or reconciliation or the promotion of religious or racial harmony or equality and diversity
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the relief of those in need by reason of age, youth, ill health, disability, financial hardship or other disadvantages.
Grantmaking
The charitable company does not make grants, though small amounts are paid to or on behalf of clients, usually for travel costs, meals or to provide suitable work attire, at the discretion of the trustees.
ACHIEVEMENTS AND PERFORMANCE Charitable activities Business Building Futures
BBF is an initiative introduced to the charity intended to engage local businesses in supporting the homeless through a voluntary membership scheme encouraging members to pay a nominal £500 - £750per annum, and or commit to:
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Offering employment - A fund-raising activity
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Volunteer support
This initiative is Endorsed by both Leeds City Council and Kirklees Council, and business membership fluctuates between 20-35 members.
The total revenue generated from new membership fees at the year end 2025 was £5,100 with additional revenue through BBF membership renewals of £15,750.
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THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
REPORT OF THE TRUSTEES for the year ended 31 January 2025
ACHIEVEMENTS AND PERFORMANCE
Fundraising activities
The Howarth Foundation organised three key fundraising events as follows:
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The annual golf tournament day held at Cleckheaton and District Golf club which raised £10,559.
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The first of a charity football match held at the West Riding County FA, Leeds raised £2423.
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The third Howarths Giant sleepout held at the John Smith Stadium, Huddersfield raised £6,006.
Donations
During the financial year 2024-2025, the charity secured donations from multiple business, to contribute towards salary costs for C.Hedley, a ex-service user, now an employee. Total donations for the year amounted to £10,457.
Howarths HR and Employment Law Limited continue to be our biggest donator, and the Charity received £59,350 this financial year.
Another significant supporter of the charity is Howard Civil Engineering, who donated £10,000.
Other donations received by the Charity from various businesses and individuals totalled more than £23,000.
FINANCIAL REVIEW
Financial position
The charity received a total income of £144,966, with expenditure of £135,870, creating a surplus of £9,096.
Principal funding sources
Howarths HR & Employment Law contributed regular monthly donations amounting to £59,350 in addition to providing office space and utilities at no cost to the charity. The estimated value of the floor space of 392sq ft, and associated utilities amounts to a gross figure of £4,200 for the 12-month rent free period. This is a recognised donation income and accommodation cost.
Investment policy and objectives
The charitable company has no funds other than what is required for operating purposes over a rolling twelve-month period and all funds are held by CAF Bank Ltd.
It is the policy of the foundation that unrestricted funds which have not been designated for a specific purpose should be maintained at a level equivalent to between three- and six-month expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be in a position to continue the foundation's current activities while consideration is given to ways in which additional funds may be raised. The level of reserves has been maintained throughout the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
REPORT OF THE TRUSTEES for the year ended 31 January 2025
The liability of the members is limited.
Every member of the charitable company promises if the charity is dissolved while he, she or it is a member, or within twelve months after he, she or it ceases to be a member, to contribute such sum (not exceeding £10) as may be demanded of him, her or it, towards the payment of debts and liabilities of the charity incurred before he, she or it ceases to be a member, and of the costs, charges and expenses of winding up, and the adjustment of rights of the contributories themselves.
Membership of the charitable company shall be its trustees for the time being, and applications from new members must be approved by the trustees. Any member and charity trustee who ceases to be a trustee automatically ceases to be a member of the charity. Membership is not transferable.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
10232376 (England and Wales)
Registered Charity number
1171635
Registered office
Newbury Court Brooke Street Cleckheaton West Yorkshire BD19 3RR
Trustees
Mr G E Davies (resigned 4.2.25) Mrs C Geesin Mrs T L Naylor Mr G J A Howarth Mr J P Garside Ms A T Kent (appointed 2.10.24) Mr S J Leather
Independent Examiner
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
Approved by order of the board of trustees on 18 November 2025 and signed on its behalf by:
Mr G J A Howarth - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HOWARTH FOUNDATION
Independent examiner's report to the trustees of The Howarth Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kevin Sanders FCCA
SMH Sheards Vernon House 40 New North Road Huddersfield West Yorkshire HD1 5LS
18 November 2025
Page 5
THE HOWARTH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 January 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 115,190 Charitable activities Employment and training support 10,000 Other trading activities 2 19,733 Investment income 3 43 Total 144,966 EXPENDITURE ON Raising funds 13,392 Charitable activities Employment and training support 122,192 Total 135,584 NET INCOME/(EXPENDITURE) 9,382 RECONCILIATION OF FUNDS Total funds brought forward 13,609 TOTAL FUNDS CARRIED FORWARD 22,991 |
Restricted funds £ - - - - - 286 - 286 (286) 1,144 858 |
2025 Total funds £ 115,190 10,000 19,733 43 144,966 13,678 122,192 135,870 9,096 14,753 23,849 |
2024 Total funds £ 88,118 10,000 34,937 - 133,055 24,436 119,703 144,139 (11,084) 25,837 14,753 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
BALANCE SHEET 31 January 2025
| Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 5,175 858 CURRENT ASSETS Debtors 8 2,312 - Cash at bank and in hand 28,604 - 30,916 - CREDITORS Amounts falling due within one year 9 (13,100) - NET CURRENT ASSETS 17,816 - TOTAL ASSETS LESS CURRENT LIABILITIES 22,991 858 NET ASSETS 22,991 858 FUNDS 11 Unrestricted funds Restricted funds: West Riding Masonic Charities TOTAL FUNDS |
2025 Total funds £ 6,033 2,312 28,604 30,916 (13,100) 17,816 23,849 23,849 22,991 858 23,849 |
2024 Total funds £ 1,144 2,587 18,494 21,081 (7,472) 13,609 14,753 14,753 13,609 1,144 14,753 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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THE HOWARTH FOUNDATION (REGISTERED NUMBER: 10232376)
BALANCE SHEET - continued 31 January 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2025 and were signed on its behalf by:
Mr G J A Howarth - Trustee
The notes form part of these financial statements
Page 8
THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 January 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost Motor vehicles - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Donated services
Income is recognised by the charity for services donated at fair value based on the estimated cost of those services in an open market.
Principally, the donated services are for rent free accommodation costs, and are based on a square foot basis from within the premises from which the charity operates.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
continued...
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THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 January 2025
| 2. OTHER TRADING ACTIVITIES Fundraising events 3. INVESTMENT INCOME Deposit account interest 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Hire of plant and machinery |
2025 £ 19,733 2025 £ 43 2025 £ 2,011 7,876 |
2024 £ 34,937 |
|---|---|---|
| 2024 £ - 2024 £ 381 1,584 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| Charitable and administrative | 4 | 5 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 January 2025
| 7. TANGIBLE FIXED ASSETS Fixtures and Motor Computer fittings vehicles equipment £ £ £ COST At 1 February 2024 2,710 - 2,014 Additions - 6,900 - At 31 January 2025 2,710 6,900 2,014 DEPRECIATION At 1 February 2024 1,566 - 2,014 Charge for year 286 1,725 - At 31 January 2025 1,852 1,725 2,014 NET BOOK VALUE At 31 January 2025 858 5,175 - At 31 January 2024 1,144 - - 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade debtors 2,312 Prepayments - 2,312 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Trade creditors 94 Social security and other taxes 2,660 Accruals and deferred income 10,346 13,100 |
Totals £ 4,724 6,900 11,624 3,580 2,011 5,591 6,033 1,144 2024 £ 2,432 155 2,587 2024 £ 237 2,352 4,883 |
Totals £ 4,724 6,900 11,624 3,580 2,011 5,591 6,033 1,144 2024 £ 2,432 155 2,587 2024 £ 237 2,352 4,883 |
|---|---|---|
| 3,580 2,011 |
||
| 5,591 | ||
| 6,033 | ||
| 1,144 | ||
| 2024 £ 2,432 155 |
||
| 2,587 | ||
| 2024 £ 237 2,352 4,883 |
||
| 7,472 |
continued...
Page 11
THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 January 2025
10. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Between one and five years MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds West Riding Masonic Charities TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds West Riding Masonic Charities TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds West Riding Masonic Charities TOTAL FUNDS |
At 1.2.24 £ 13,609 1,144 14,753 Incoming resources £ 144,966 - 144,966 At 1.2.23 £ 24,312 1,525 25,837 |
2025 2024 £ £ 13,782 21,658 Net movement At in funds 31.1.25 £ £ 9,382 22,991 (286) 858 9,096 23,849 Resources Movement expended in funds £ £ (135,584) 9,382 (286) (286) (135,870) 9,096 Net movement At in funds 31.1.24 £ £ (10,703) 13,609 (381) 1,144 (11,084) 14,753 |
|---|---|---|
11. MOVEMENT IN FUNDS
continued...
Page 12
THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 January 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds West Riding Masonic Charities TOTAL FUNDS |
Incoming resources £ 133,055 - 133,055 |
Resources Movement expended in funds £ £ (143,758) (10,703) (381) (381) (144,139) (11,084) |
Resources Movement expended in funds £ £ (143,758) (10,703) (381) (381) (144,139) (11,084) |
|---|---|---|---|
| (11,084) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.2.23 | in funds | 31.1.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,312 | (1,321) | 22,991 |
| Restricted funds | |||
| West Riding Masonic Charities | 1,525 | (667) | 858 |
| TOTAL FUNDS | 25,837 | (1,988) | 23,849 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds West Riding Masonic Charities TOTAL FUNDS |
Incoming resources £ 278,021 - 278,021 |
Resources Movement expended in funds £ £ (279,342) (1,321) (667) (667) (280,009) (1,988) |
Resources Movement expended in funds £ £ (279,342) (1,321) (667) (667) (280,009) (1,988) |
|---|---|---|---|
| (1,988) |
Details of the restricted funds are as follows:
West Riding Masonic
The balance on this fund represents the net book value of assets capitalised on the balance sheet.
continued...
Page 13
THE HOWARTH FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 January 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2025.
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